![]() Since then, developments such as the proliferation of soccer-specific stadiums around the league, implementation of the Designated Player Rule allowing teams to sign star players such as David Beckham, and national TV contracts have made MLS profitable. MLS experienced financial and operational struggles in its first few years, losing millions of dollars and folding two teams in 2002. The inaugural season took place in 1996 with ten teams. MLS was founded in 1993 as part of the United States' successful bid to host the 1994 FIFA World Cup. ![]() The predecessor of MLS was the North American Soccer League (NASL), which existed from 1968 until 1984. Major League Soccer is the most recent in a series of men's premier professional national soccer leagues established in the United States and Canada. The league is headquartered in Midtown Manhattan. The league comprises 29 teams-26 in the U.S. ![]() Major League Soccer ( MLS) is a men's professional soccer league sanctioned by the United States Soccer Federation, which represents the sport's highest level in the United States.
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